- Mukesh Buch
- 26 Dec, 2014
- New York City
Alphageo (India) secured a contract from Oil India, Assam. BPCL plans to raise Rs 4,000 crore for the expansion of its Kochi refinery. Essar Oil buys 73.9% stake in Vadinar Power. Japan-based Sumitomo Mitsui Trust Bank takes 2.77% stake in Reliance Capital.
- Hiruki Nakamura
- 24 Dec, 2014
- New York City
Market indexes in Japan gained and financials and technology developer and exporters led the gainers. Japan Post is planning $5.8 billion public offering in third quarter of 2015.
- Marcus Jacob
- 24 Dec, 2014
- New York City
Australian stocks gained following the advance in international markets and ahead of long holiday weekend. Crude oil and gold prices edged up in thin trading but resource stocks faced headwinds.
- Mukesh Buch
- 24 Dec, 2014
- New York City
Barnes & Noble agreed to buy back its Nook e-reader stake from Pearson and plans to split the business. Cal-Maine profit surged 40%. CalAmp net dropped 4%. Chesapeake Energy announced share-buyback plan for up to $1 billion. Keurig Green recalled 7.2 million brewing machines.
- Nigel Thomas
- 24 Dec, 2014
- New York City
HeidelbergCement agreed to sell its brick and roof-tile business to Lone Star Funds for $1.4 billion. Pearson agreed to sell its stake in Nook Media to Barnes & Noble for $28 million. Smith & Nephew surged after Stryker plans to offer a substantial premium.
- Mukesh Buch
- 24 Dec, 2014
- New York City
IOCL plans to invest Rs 6,800 crore to expand its Gujarat refinery unit. Neyveli Lignite plans to import coal worth Rs 14,375 crore for power project in UP. UltraTech Cement agreed to buy two cement plants worth Rs 5,400 crore from Jaiprakash Associates.
- Nichole Harper
- 23 Dec, 2014
- New York City
Market indexes extended gains in the week, in the month and in the year after the U.S. revised third quarter economic growth rate to 5%. Tech stocks led the charge and retailers gained on the expectations of stronger-than-expected holiday sales.
- Mukesh Buch
- 23 Dec, 2014
- New York City
Cargill rejected acquisition plan for Nutreco NV. Radian Group agreed to sell financial-guaranty business to Assured Guaranty for $810 million. Steelcase net declined 49% after revenues barely rose 2%. Sierra agreed to acquire Wireless Maingate. Walgreen profit climbed 16%.
- Nigel Thomas
- 23 Dec, 2014
- New York City
BBVA agreed to sell 29.7% stake in a Hong Kong-based Citic Intl for about
- Marcus Jacob
- 23 Dec, 2014
- New York City
Australian stocks halted a 4-day rally and resource and bank stocks led the decline. Investors also pushed oil lower after Saudi Arabia reaffirmed its commitment to maintain production level even if oil drops to $20 a barrel.
- Mukesh Buch
- 23 Dec, 2014
- New York City
Alstom T&D India secured a contract worth Rs 180 crore from NTPC. Cipla won an order for about Rs 1,100 crore in South Africa. Madhucon Projects to sell 74% stake in its subsidiaries. Mukand transfer its alloy steel business worth Rs 1,590 crore to its subsidiary.
- Nichole Harper
- 22 Dec, 2014
- New York City
Stocks on Wall Street advanced after a rally in oil price lifted energy complex. However, the early rally in oil and gold, silver and copper faded and prices of commodities declined in the afternoon. European and Asian markets closed higher.
- Marcus Jacob
- 22 Dec, 2014
- New York City
Australian stocks staged a rebound after crude oil prices advanced. Australia lowered its iron ore price for exports by 33% in 2015, third downward revision in the year. Fairfax announced to merge its radio station with Macquarie Radio Network.
- Hiruki Nakamura
- 22 Dec, 2014
- New York City
Stocks in Tokyo advanced after energy-complex companies led the gainers. The third-largest refiner, Idemitsu Kosan is looking to buy Showa Shell Sekiyu KK. Skymark Airlines plunged after Airbus Group NV began legal proceedings.
- Nigel Thomas
- 22 Dec, 2014
- New York City
Bilfinger agreed to sell part of construction unit to Switzerland-based Implenia for